EUR/USD: Sovereign bids reported nearby

  • This level near 1.2970 is where the Sovereign bids have been reported in recent days.
  • Selling interest was very heavy yesterday above 1.3075 and there is little technical support until 1.2870 (see chart).
  • EUR/GBP remains capped below .8600, EUR/AUD selling was heavy at times but EUR/JPY closed above technical resistance at 130.45.

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